COMMISSIONER OF INCOME TAX Vs. HMT LTD

JUDGEMENT

(1.) This order shall dispose of ITA Nos. 524 to 527 of 2009 as according to the learned Counsel for the parties, common question of law and facts are involved therein. For brevity, the facts are being taken from ITA No. 524 of 2009.

(2.) This appeal has been preferred by the revenue under Section 260A of the Income Tax Act, 1961 (in short "the Act") against the order dated 5.12.2008 passed by the Income Tax Appellate Tribunal, Chandigarh, Bench 'B', Chandigarh (hereinafter referred to as "the Tribunal") in ITA No. 784/CHD/2006, relating to the assessment year 1995-96, claiming the following substantial questions of law:

(3.) We have heard learned Counsel for the parties.